NEWS & LEGAL ARTICLES
Estate Planning for Singles
Singles face the inevitable as much as anyone else. You need to make your important personal decisions or the courts may do it for you.
What Happens: No Will, No Trust
Even if you have never signed a will or trust, you have an estate plan. Some of you may be asking, “How?” The answer is the state has a “default estate plan” for those without their own.
Neighbor Dispute? Tread Carefully
When dealing with these difficult situations, there are a few things to keep in mind.
Asset Protection for Professionals and Business Owners
If you are a Utah business owner, an individual in a high liability profession (like a physician or contractor), or if you are an individual with a high net worth, a Utah asset protection trust can help protect you and your family.
Planning for Incapacity
In doing estate planning, it is essential to plan not only for death — but for life.
Estate Planning for Blended Families
Doing proper estate planning for a “yours, mine and ours” family presents many special challenges. This article sets forth problems and provides solutions for what spouses can do when addressing concerns related to blended families.
Is a Living Trust Right for You?
The use of a revocable trust (sometimes referred to as a “living trust” or “family trust”) to plan one’s estate has become very popular. Despite the popularity of the revocable trust, revocable trusts are not without their potential problems.
Trust Disputes vs. Probate
A will or living trust may also create a separate trust when one spouse dies, in order to shield up a significant portion of the estate from later estate taxes. Such trusts are designed to save money by avoiding probate fees and delays, and by deferring or reducing estate taxes.
Preventing Problems in Estate Planning
In order to discourage disappointed heirs from disputing your estate plan, you can include a “no-contest” provision that automatically cancels an heir’s inheritance if he or she challenges the distribution of your assets in any way.
State to State Estate Planning
Although a will or trust validly executed in one state should be valid in a different state, it is a good idea to have the estate planning documents reviewed.
